Nigeria remains liable to P&ID for over US $9 billion under the final award issued by the arbitration tribunal in London. The award was never “set aside” by any court. The Nigerian government did not challenge the award when it … Read More
Myth/Fact
P&ID cannot enforce the arbitration award in the United States because Nigeria has “sovereign immunity” in the U.S. courts.
Although Nigeria is resisting enforcement of the award in the U.S. by claiming it is protected by sovereign immunity, in fact there is no basis for that assertion; clearly the Nigerian government is just trying to frustrate P&ID’s effort to … Read More
The P&ID plan to process the natural gas so that it could help power Nigeria’s electric grid was unrealistic to begin with, and was never going to be achievable.
The Agreement with Nigeria was signed after years of preparation, fieldwork, evaluation and planning on the part of P&ID. The project was not a novel concept and it only failed when the Nigerian government failed to live up to its … Read More
P&ID’s founders never had any intention to help the Nigerian people – this contract was only about profiteering.
Quite the contrary. Brendan Cahill and Michael Quinn, the co-founders of P&ID, had over 30 years’ experience of engineering projects in Nigeria when they launched P&ID along with an experienced team of engineers and project managers. This includes projects that … Read More
P&ID is a “shadowy”, and “fake” “shell company” that made a “fraudulent arrangement” that is “totally skewed against Nigeria” and was done without the “input or knowledge” of the Nigeria National Petroleum Corporation (NNPC) and the International Oil Companies (IOCs) supplying the gas.
P&ID is a sole purpose company founded in 2006 by Michael Quinn and Brendan Cahill, who have a long track-record of successful public works projects in Nigeria. Moreover, the agreement P&ID had with the Nigerian government is well-documented and provided … Read More
Nigeria should not be compelled to pay such a large sum as a developing country, which could impact the government’s spending on domestic priorities.
Developing countries require investment in order to grow; investors, in turn, require protection for their capital. If the rule of law in developing countries is weak enough to permit those countries to disregard their contracts, investors will be less willing … Read More